Defining the entrepreneurial mindset and discussing its distinctiveness in entrepreneurship research (2024)

Abstract

The entrepreneurial mindset (EMS) is an emerging concept within entrepreneurship research, but has yet to reveal its full potential. Its current understanding is still fragmented and intertwined with other concepts. The purpose of this paper is to develop a theoretically informed definition of EMS that is descriptively robust and conceptually distinct from other concepts. By analysing definitions and comparing EMS to other established entrepreneurship concepts we argue that EMS captures both the developmental (ability) and the volitional (willingness) aspects that allow an individual to sense and seize an opportunity. It is the combination of these two aspects that makes EMS unique and distinct from other concepts. We ultimately propose future research steps to advance the understanding of this important phenomenon across multiple contexts.

Original languageEnglish
Pages (from-to)30-52
Number of pages23
JournalInternational Journal of Entrepreneurship and Small Business
Volume44
Issue number1
DOIs
Publication statusPublished - 2021

Keywords

  • Ability
  • Comparative analysis
  • EMS
  • Entrepreneurial mindset
  • Entrepreneurship
  • Human action perspective
  • Willingness

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Hattenberg, D. Y., Belousova, O. (2021). Defining the entrepreneurial mindset and discussing its distinctiveness in entrepreneurship research. International Journal of Entrepreneurship and Small Business, 44(1), 30-52. https://doi.org/10.1504/IJESB.2021.117935

Hattenberg, Dagmar Ylva ; Belousova, Olga ; Groen, Arend. / Defining the entrepreneurial mindset and discussing its distinctiveness in entrepreneurship research. In: International Journal of Entrepreneurship and Small Business. 2021 ; Vol. 44, No. 1. pp. 30-52.

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abstract = "The entrepreneurial mindset (EMS) is an emerging concept within entrepreneurship research, but has yet to reveal its full potential. Its current understanding is still fragmented and intertwined with other concepts. The purpose of this paper is to develop a theoretically informed definition of EMS that is descriptively robust and conceptually distinct from other concepts. By analysing definitions and comparing EMS to other established entrepreneurship concepts we argue that EMS captures both the developmental (ability) and the volitional (willingness) aspects that allow an individual to sense and seize an opportunity. It is the combination of these two aspects that makes EMS unique and distinct from other concepts. We ultimately propose future research steps to advance the understanding of this important phenomenon across multiple contexts.",

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Hattenberg, DY, Belousova, O 2021, 'Defining the entrepreneurial mindset and discussing its distinctiveness in entrepreneurship research', International Journal of Entrepreneurship and Small Business, vol. 44, no. 1, pp. 30-52. https://doi.org/10.1504/IJESB.2021.117935

Defining the entrepreneurial mindset and discussing its distinctiveness in entrepreneurship research. / Hattenberg, Dagmar Ylva; Belousova, Olga; Groen, Arend.
In: International Journal of Entrepreneurship and Small Business, Vol. 44, No. 1, 2021, p. 30-52.

Research output: Contribution to journalArticleAcademicpeer-review

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AU - Belousova, Olga

AU - Groen, Arend

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AB - The entrepreneurial mindset (EMS) is an emerging concept within entrepreneurship research, but has yet to reveal its full potential. Its current understanding is still fragmented and intertwined with other concepts. The purpose of this paper is to develop a theoretically informed definition of EMS that is descriptively robust and conceptually distinct from other concepts. By analysing definitions and comparing EMS to other established entrepreneurship concepts we argue that EMS captures both the developmental (ability) and the volitional (willingness) aspects that allow an individual to sense and seize an opportunity. It is the combination of these two aspects that makes EMS unique and distinct from other concepts. We ultimately propose future research steps to advance the understanding of this important phenomenon across multiple contexts.

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Hattenberg DY, Belousova O, Groen A. Defining the entrepreneurial mindset and discussing its distinctiveness in entrepreneurship research. International Journal of Entrepreneurship and Small Business. 2021;44(1):30-52. doi: 10.1504/IJESB.2021.117935

Defining the entrepreneurial mindset and discussing its distinctiveness in entrepreneurship research (2024)

FAQs

How would you define the entrepreneurial mindset? ›

An entrepreneurial mindset is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings.

What are the 5 entrepreneurial mindsets explain? ›

By developing the five characteristics outlined in this article – curiosity, resilience, flexibility, risk-taking, and vision – you can build the mental agility needed to navigate uncertainty and achieve your goals.

What are the 4 characteristics of entrepreneurial mindset? ›

Entrepreneurial Mindset: 5 Characteristics to Cultivate
  • A Positive Mental Attitude. Why is a Positive Attitude Important for Entrepreneurs? ...
  • A Creative Mindset. ...
  • Persuasive Communication Ability. ...
  • Intrinsic Motivation and Drive. ...
  • Tenacity and an Ability to Learn from Failure.

What are the 3 C's of entrepreneurial mindset? ›

KEEN takes a specific approach to defining the entrepreneurial mindset along three components: curiosity, creating value, and connections.

What does an entrepreneurial mindset primarily focus on? ›

Solutions-Oriented: An entrepreneurial mindset is characterized by its focus on finding solutions. Individuals with this mindset are not deterred by challenging conditions; instead, they approach problems with curiosity, creativity, and critical thinking.

How to demonstrate entrepreneurial mindset? ›

Individuals with an entrepreneurial mindset trust their capabilities and their power to influence outcomes. They're decisive, ready to accept responsibility, and always open to enhancing their skills. They learn from their mistakes and continuously put their ideas into action.

What are the three main mindsets of entrepreneurship? ›

An entrepreneurial mindset is resilient, resourceful, and solutions-oriented — even when the conditions say otherwise. People with these mindsets are lifelong knowledge-seekers who are curious and creative, and they are critical thinkers, Barrett said.

What is the key element of entrepreneurial mindset? ›

Being comfortable with experimentation means an ability to think big and iteratively test products, processes, and outcomes, all without the weight of worrying about where the results may lead. This nimbleness is a key element of an entrepreneurial mindset.

What are the 3 components of entrepreneurial mindset? ›

The entrepreneurial mindset (EM) as defined by the Kern Entrepreneurship Education Network (KEEN) is categorized by curiosity (e.g., creating innovative solutions by looking at the broader world and toward the future), making connections (e.g., integrating knowledge from multiple sources), and creating value (e.g., ...

What is the impact of entrepreneurial mindset? ›

The entrepreneurial mindset is characterized by a dynamic outlook that views uncertainty as an opportunity (Dhliwayo & Van Vuuren, 2007). It drives individuals to identify opportunities, devise innovative solutions to challenges, and act on these opportunities with a positive attitude (Senges, 2007).

What are the three-three habits for entrepreneurial mindset? ›

So, anybody can develop an entrepreneurial mindset! To do so, however, you should develop three key habits: self-leadership, creativity and improvisation. Wouldn't it be awesome if someone else got you up in the morning, encouraged you to do your work, and gave you lots of praise and feedback along the way?

What is the best definition of entrepreneurship? ›

Entrepreneurship is when an individual who has an idea acts on that idea, usually to disrupt the current market with a new product or service. Entrepreneurship usually starts as a small business but the long-term vision is much greater, to seek high profits and capture market share with an innovative new idea.

Which of the following best describes an entrepreneurial mindset? ›

An entrepreneurial mindset can be defined as desiring to take risks for growth. It is the mindset of someone who is innovative, ambitious, and willing to explore new opportunities. This mindset is not dependent on having a formal entrepreneurial education or sufficient venture capital funding.

What is an entrepreneurial mindset quizlet? ›

-It is a set of skills that enable people to identify and make the opportunities, overcome and learn from setbacks and success in a variety of settings. -a unique in that one must be creative, communicative and highly motivated to succeed, yet open to risk and failure.

What is entrepreneurial skills and mindset? ›

Entrepreneur skills include various skill sets such as leadership, business management, time management, creative thinking and problem-solving. You can apply these skills in many job roles and industries. These entrepreneur skills are vital for promoting innovation, business growth and competitiveness.

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